Press release
Global Portable Air Conditioners Market to Experience Significant Growth during the Forecast Period 2018-2028 / Key Industrial North America (U.S., Canada), Latin America (Mexico. Brazil), Western Europe (Germany, Italy, France, U.K, Spain), Eastern Europ
Request Brochure of this Report- https://www.factmr.com/connectus/sample?flag=B&rep_id=808
While the portable air conditioners market is gaining momentum, recent developments in technologies are making a significant impact on the future growth prospects of the market. Manufacturers of portable air conditioners are adopting next-generation technologies to further enhance important features of portable air conditioners such as control, ease of use, and connectivity. The portable air conditioners market is growing at a rapid pace with the increasing sales of portable air conditioners with technologically advanced features.
Furthermore, leading manufacturers of portable air conditioners are incorporating advanced technologies to improve the energy efficiency of the product. Growing environmental awareness and the increasing consumption of electricity due to the rise in use of air conditioning systems may lead to the imposition of stringent rules by the governing bodies. This is expected to create high needs for energy-efficient portable air conditioners in the upcoming years, which is mainly influencing the latest strategies adopted by the leading market players in the portable air conditioners market. Employing the latest technologies to reduce the energy consumption is expected to remain a popular trend among market players operating in the portable air conditioners market, for the next few years.
Rising Demand and Industrial Applications to Drive the Portable Air Conditioners Market
The International Energy Agency (IEA) published a report that estimates that the demand for efficient cooling systems and air conditioners is likely to triple by the end of 2030. Considering the increasing use of air conditioners in the residential as well as commercial sectors around the world, the demand is expected to surge and boost the growth of the portable air conditioners market. Also, increasing use of electricity for air conditioners may result in the imposition of strict energy efficiency standards on portable air conditioners in the near future. Considering the needs for cooling systems and its environmental implications, demand for energy efficient portable air conditioner is expected to increase significantly in the upcoming years.
In addition, providing a cooler workplace boosts the working efficiency of employees, which is generating needs for spot-cooling appliances such as portable air conditioners. Owing to the health-related benefits of using portable air conditioners, its demand is increasing in commercial organizations. Also, spot-cooling appliances play an important role in various manufacturing processes, which is boosting demand for portable air conditioners in the industrial sector. Increasing demand for energy-efficient and direct-cooling appliances in the residential as well as commercial sector is driving the growth of the portable air conditioners market.
To know more about the Portable Air Conditioners Market Visit the link- https://www.factmr.com/report/808/portable-air-conditioners-market
Discovery of HCFC Alternatives to Influence Manufacturing Strategies of Market Players
Government organizations across the world, such as EPA (the United States Environment Protection Agency) and European Commission are developing some regulations to control the air pollution caused due to some refrigerants used in air conditioners. Hydrochlorofluorocarbons (HCFCs) are commonly used in air conditioning systems. However, the EPA recognizes HCFC-22 as an Ozone-depleting substance, and has imposed some rules associated with the release of this refrigerant under Section 609 of the Clean Air Act (CAA). The imports and production of HCFC-22 will be phased out by 2020-end, and it will be banned by the end of 2030 by the U.S. government. Similar regulations and rules are being imposed by the European Commission as well.
These stringent regulations on the use of HCFC as a refrigerant are encouraging manufacturers in the portable air conditioners market to discover its substitutes. Significant New Alternatives Policy (SNAP) developed by EPA approved of the use of Ozone-safe HCFCs and other alternatives to HCFC-22 in air conditioning systems. Manufacturers in the portable air conditioners market are investing more in R&D to come up with efficient and safer alternatives to HCFC-22 to curb HCF emissions. Even though refrigerants with around 700 GWP such as R32 and R452B are being used in small or portable air conditioners, ultimate alternatives to HCFCs have not been discovered yet. Increasing investments in R&D to find substitutes to HCFC-22 is an emerging trend in the portable air conditioners market.
With the constant advancements in technology, consumers are willing to purchase next-generation portable air conditioners that are multi-functional and easy to use. Manufacturers in the portable air conditioners market are incorporating advanced technologies such as Internet of Things and a variety of sensors to automate various tasks of the machine. As consumers are preferring to buy less noisy air conditioners, leading market players are introducing portable air conditioners with advanced settings such as quieter, sleep-mode operation. Lightweight portable air conditioners that are AC, fans, as well as dehumidifiers are gaining immense popularity among consumers.
Above all, manufacturing smart portable air conditioners with WiFi is the most popular trend in the portable air conditioners market. Most of the market players are introducing portable air conditioners that can be controlled from afar and optimize the use of electricity smartly. Also, most of the established manufacturers in the portable air conditioners market have produced portable air conditioners that can be voice controlled. These portable air conditioners are integrated with popular voice-operated systems such as Amazon Alexa, Apple HomeKit, and Google Assistant. By manufacturing technologically advanced yet energy efficient portable air conditioners, market players are incorporating smart business strategies to attract consumers and establish a stronger position in the portable air conditioners market.
Request TOC of this Report- https://www.factmr.com/connectus/sample?flag=T&rep_id=808
About FactMR
FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market insights reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that's why we publish multi-industry global, regional, and country-specific research reports.
Contact Us
FactMR
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/
Read Industry News at - https://www.industrynewsanalysis.com/
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Portable Air Conditioners Market to Experience Significant Growth during the Forecast Period 2018-2028 / Key Industrial North America (U.S., Canada), Latin America (Mexico. Brazil), Western Europe (Germany, Italy, France, U.K, Spain), Eastern Europ here
News-ID: 1449206 • Views: …
More Releases from Fact.MR
Agricultural Film Market is forecasted to reach US$ 21 billion with 5.9% CAGR by …
Fact.MR, a market research and competitive intelligence service, states that historically, the use of Agricultural Films grew at a 3.5% CAGR from 2016 to 2020, with the United States, China, India, and Japan holding a sizable portion of the global market. by 2021, the greenhouse film industry is expected to have grown to a valuation of over US$ 10 billion, largely due to price increases in agricultural films.
For More Insights…
Medical Equipment Rental Market is projected to expand at a CAGR of 5.5% to reac …
The latest industry analysis from Fact.MR, a company that offers competitive intelligence and market research, projects that the global Medical Equipment Rental Market will grow at a 5.5% CAGR and reach US$ 98 billion in size by the end of 2033.
The industry that deals with the short-term rental or lease of medical equipment to healthcare facilities, organizations, and individuals is known as the "medical equipment rental market." The goal of…
Craft Beer Market is forecasted to reach a value of US$ 174.68 Billion by 2032
The worldwide craft beer market was expected to be worth $76.3 billion in 2020 and $81.64 billion in 2021. The market will grow at a steady CAGR of 6.9% between 2022 and 2032. By the end of 2032, this market is predicted to have a global valuation of US$174.68 billion.
The surge in demand for more beer styles coupled with increase in per capita income among the target customers has triggered…
Window Blinds Market Forecasted to Achieve US$ 4.69 Billion by 2034
The global window blinds market is expected to reach $2.99 billion in 2024, growing at a 5.8% CAGR to $4.69 billion by the end of 2034.
Window blinds are adjustable window coverings made of slats or vanes, allowing for versatile control over light and privacy. They come in various materials, including wood, metal, or plastic, and can be easily adjusted to regulate sunlight and maintain privacy. Unlike heavy curtains, blinds are…
More Releases for HCF
Passenger Cars Market 2022 is Booming Worldwide Business Forecast by 2028 - Dr. …
"Global Passenger Cars Market Research Report 2022"This research report provides COVID-19 Outbreak study accumulated to offer Latest insights about acute features of the Passenger Cars Market. This intelligence report includes investigations based on Current scenarios, Historical records, and Future predictions. The report contains different market predictions related to market size, revenue, production, CAGR, Consumption, gross margin, diagrams, graphs, pie charts, price, and other substantial factors. While emphasizing the key driving and…
Car Tailpipe Market Size, Share, Growth,Trends, COVID-19 Analysis and Forecast 2 …
The worldwide Car Tailpipe market report is the very much investigated answer for the chiefs and academicians who are looking for a definite examination regarding both subjective just as quantitative, for the notable time frame and for the impending years gauge. The exploration report includes the business outline alongside the approaching dangers and supporting components that will drive or hamper the market development and give open doors sooner rather than…
Passenger Vehicle Tailpipe Market Size, Share, Growth,Trends, COVID-19 Analysis …
The worldwide Passenger Vehicle Tailpipe market report is the very much investigated answer for the chiefs and academicians who are looking for a definite examination regarding both subjective just as quantitative, for the notable time frame and for the impending years gauge. The exploration report includes the business outline alongside the approaching dangers and supporting components that will drive or hamper the market development and give open doors sooner rather…
Critical Illness Insurance Market Share, Revenue, and Average Price by Manufactu …
A Recently Added New Report by “Reports Web” 2021 reviews the worldwide Critical Illness Insurance Market with many aspects of the industry like Market size, Market status, Market trends, and forecast, the report also provides brief information of the competitors and therefore the specific growth opportunities with key Market drivers. Market segmentation by companies, region, and sort forms an integral a part of this report. Historical data available within the…
Identify Hidden Opportunities of Illness Insurance Market | China Life Insurance …
A latest study released by HTF MI on Global Illness Insurance Market covering key business segments and wide scope geographies to get deep dive analysed market data. The study is a perfect balance bridging both qualitative and quantitative information of Illness Insurance market. The study provides historical data (i.e. Volume** & Value) from 2013 to 2018 and forecasted till 2025*. Some are the key & emerging players that are part…
Global Critical Illness Insurance Market 2018 : Allianz, Sun Life Financial, Hua …
“Global Critical Illness Insurance Market 2018” report provides information on grasping newer technologies and recent development made in Critical Illness Insurance & satisfies specialized and enterprise-wide statistical needs.
This report focuses on the global Critical Illness Insurance status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Critical Illness Insurance development in United States, Europe and China.
Download Free PDF Sample of Global Critical Illness…
